| The KUIK Market Update for Friday, December 28: | |||||||
| Markets are down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (51) | points | 13,044 | 8:03 AM | ||
| S&P500 | Down | -0.4% | percent | 1,413 | (5.11) | points | |
| Nasdaq Composite | Down | -0.2% | percent | 2,982 | (14.40) | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 2.89 | Annual Yield | ||
| The Chicago purchasing managers index rose to 51.6 in December from 50.4 in November to mark the best performance in four months. Economists expected 51.0. New orders posted the biggest increase in 19 months, advancing to 54.0 from 45.3 in November. | |||||||
| Chinese rating agency Dagong Global Credit Rating put U.S. government debt on a negative watch and highlighted what it said was a lack of political consensus on how to tackle Washington’s debt problem over the long term. | |||||||
| The National Association of Realtors says pending home sales rose 1.7% in November for a third month of gains, with affordability attracting buyers. The pending-home-sales index reached 106.4 in November – the highest level since April 2010. | |||||||
| A potential strike by almost 15,000 dock workers at 14 ports from Boston to Houston beginning on Sunday may wreckl retailers’ spring selling plans. Yesterday, a federal mediator called for a meeting of the International Longshoremen’s Association, representing the dock workers, and the U.S. Maritime Alliance, representing the shipping operators, ahead of the Dec. 29 contract expiration. It is not known when and where they meet before Sunday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chicago-pmi-climbs-to-516-in-december-2012-12-28 | |||||||
| http://www.marketwatch.com/story/chinese-rating-agency-puts-us-on-negative-watch-2012-12-26 | |||||||
| http://www.marketwatch.com/story/pending-home-sales-rise-in-november-2012-12-28 | |||||||
| http://www.marketwatch.com/story/port-strike-would-threaten-spring-retail-sales-2012-12-27 | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||